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Ramtown 07731
17 Cherry Lane
$548,000
● House - Off Market

17 Cherry Lane

Howell, NJ 07731
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,588 Ft²
$548,919
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Renovated 4 bedroom 1.5 bath home on private corner lot. This home has been completely upgraded and ready for its new owners. Custom kitchen cabinets, granite counters, stainless appliances, Central air conditioning, porcelain tiled baths, and two car garage The large fenced in yard is ready for summer parties.
Unit Size
1,588 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$345
Property Type
House
Property Taxes
$582
HOA Dues
-
Year Built
1985

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MOMLS #22306440)

Price History

Date / Event Date Event Price
Jun 15, 2023 Sold
Premium
Sold
Mar 10, 2023 Listed by Prime Time Real Estate Inc. $548,000
Listed by Prime Time Real Estate Inc.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 40
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 2
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,560
  • Lot Size Depth Feet: 1,070
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,588
  • Gross Building Area: 1,588
  • Building Area: 1,588
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,588
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000197
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: FACILITY NAME: WIDOW - DISABLED VET

Neighborhood

  • School District Name: Howell Township School District
  • Census Tract: 811501

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: TAX MAP 1.05
  • Account Number: 30140900
  • District: 21
  • Parcel: 21 00001- 04-00009
  • Block: 1.04
  • Lot: 9
  • Municipality: HOWELL TWP
  • Latitude: 40.1139
  • Longitude: -74.1365

    Address

  • Full Address: 17 Cherry Ln
  • Address - House Number: 17
  • Address - Street Name: Cherry
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Howell
  • Carrier Code: C016
  • 4-Digit Zip Code: 2681
  • Zip Code: 07731

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $722,593

    Appraisal Valuation

  • Standard Deviation: 0.0855
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 547,035
  • High Value: 593,830
  • Low Value: 500,240

    Market Valuation

  • Market Total Value: $388,700
  • Market Land Value: $229,200
  • Market Improvement Value: $159,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $388,700
  • Assessed Land Value: $229,200
  • Assessed Improvements Value: $159,500

    Sales

  • Current Sale Contract Date: Jun 13, 2023
  • Current Sale Recording Date: Jun 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 44604
  • Previous Sale Recording Date: Oct 28, 2022
  • Previous Sale Contract Date: Feb 10, 2022
  • Previous Sale Amount: $391,000
  • Previous Sale Document Type: 64
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Ramtown

Stats & Trends

Median Asking:

$650,000

Sale Price/ft²

$354

Below Asking

0.01%

Average Days on Market

71

Average Home Size

1918 ft²

Average Home Age

38.7 years

Currently For Sale

29 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 41 Carrie Drive, Howell, NJ, 07731

$4,400 /mo

  • 4 Beds
  • 3 Baths
  • 2,232 ft²
41 Carrie Drive, Howell, NJ, 07731 Listing by Sephie Medina

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Anthony C Guglieri, Prime Time Real Estate Inc.
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 22306440
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 17 Cherry Lane built and last sold?
The property at 17 Cherry Lane was built in 1985 and last sold on Jun 13, 2023 for $548,000.
How much is this home worth?
The estimated value of the home located at 17 Cherry Lane is $553,829.
What are some comparable homes to 17 Cherry Lane?
There are currently no comparable homes to 17 Cherry Lane.
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